The Insurance Regulatory Commission of Sri Lanka (IRCSL) has unveiled the Centralised Insurance Data Repository. Done in collaboration with the Credit Information Bureau of Sri Lanka (CRIB), the initiative was conceptualised under the leadership and guidance of IRCSL Chairman Dr Ajith De Mel.
Last year, major domestic non-life insurers saw their net profits drop by double digits, driven by a KRW400bn ($278m) deficit in auto insurance.
The Competition Commission has recommended that the Competition Tribunal approve the proposed acquisition by Orient Victoria and KP Partners of King Price Financial Services (KPFS) and Porcupine Union, without conditions.
The Association of Kenya Insurers (AKI) has intensified enforcement operations targeting fraudulent motor insurance certificates, working with the Traffic Police Department, the Insurance Regulatory Authority (IRA) and the Insurance Fraud Investigation Unit.
The Insurance Council of Australia (ICA) has backed draft laws that would give regulators new powers to crack down on unfair trading practices. It also wants strong enforcement once the legislation is passed.
Cambodia's insurance regulator, the Insurance Regulator of Cambodia (IRC), has called for greater enforcement and public awareness of compulsory insurance.
The Insurance Authority (IA) in Saudi Arabia has issued a decision to suspend United Cooperative Assurance (UCA) from issuing or renewing insurance policies for all motor insurance products, including comprehensive motor insurance policies, effective from 19 February 2026.
Chinese electric vehicle (EV) insurers are beginning to see signs of profitability recovery, supported by rising premiums and the adoption of AI technologies, according to industry sources.
Insurance companies in the UAE ramped up traffic awareness campaigns and expanding their online services ahead of Ramadan, which began last week.
Oman has introduced natural catastrophe coverage in compulsory third-party motor insurance policies - the first such initiative in the Gulf Cooperation Council (GCC) region.